Investment property in Rushworth has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.88%
When looking at the potential capital gains offered to property investors over the last 3 years, Rushworth comes in at number 514th in VIC.
Sellers are offering property buyers an average discount of -7.26% to buyers in Rushworth at the moment, which is less than average for the rest of VIC.
Rushworth, 3612’s gross rental yield is 5.95%
The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.Full summary
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Gold rush town enjoys a golden growth period
Median house price: $210,000
Three-year growth: 32.91%
Rental yield: 5.70%
The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.
Houses are astoundingly affordable at just $210,000 even after a significant price increase of over 12% in the February 2017 quarter alone. The almost 6% average yield is certainly eye-catching for investors, along with the potential shown for long-term growth seeing as the market has not fumbled in five years.
Rushworth is home to a few schools, including a P-12 college and St Mary’s primary school. There’s also a bakery/café. The suburb has much to offer as a tourist spot – there’s the local heritage walk and the Rushworth museum, for example. The Rushworth State Forest is located nearby and is perfect for bushwalking. 8km north of the suburb, Waranga Basin is a popular fishing destination.Close